510. Purchase of bills of exchange.

510.     Purchase of bills of exchange.

Where, in good faith, a person purchases bills, to which the debtor is a party, for less than their face value, proof may be made for the whole amount1. Proof is also allowed by a creditor who has made a fresh advance against bills given for that advance and for a debt provable in a former bankruptcy2. Discount need not be deducted in proving on a bill discounted3.